Kuwait Petroleum subsidiary acquires 25% stake in China Wanhua Chemical Group
Kuwait Petrochemical Industries, a subsidiary of Kuwait's state-owned oil company, said on the 26th that it had signed an agreement to acquire a 25% stake in China Wanhua Chemical Group.
The company did not disclose the value of the transaction, but said it was Kuwait's largest investment in China's petrochemical industry.
Under the agreement, Kuwait Petrochemical Industries will acquire several industrial units of the group in Yantai, China, which specialize in the production of a variety of petrochemical products, including propylene oxide and acrylic acid.
The company said this will help diversify the Kuwaiti company's high-value product portfolio.
Looking for chemical products? Let suppliers reach out to you!
You May Interested In
2026-07-25
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Wanhua Chemical Announces 2026 Investment Plan: RMB 27.3 Billion for Projects Plus RMB 2.22 Billion for Equity Investments
-
Sichuan’s 120,000 Tons Approved, Shandong’s 500,000 Tons on the Way:Is Wanhua Chemical Set to “Break Through” the LFP Market?
-
Global MDI/TDI Plants Enter Peak Maintenance Season, Wanhua Chemical’s Hungary Shutdown Draws Market Attention
-
The Petrochemical Industries Company and Wanhua Chemical Group Sign Agreement to Strengthen Cooperation
-
SUEZ Builds China's Largest Industrial Membrane Desalination Plant for Wanhua Chemical Penglai Industrial Park to Meet Industrial Needs and Protect Scarce Water Resources
-
Wanhua Chemical Expands HMDI and HDI Production Capacity to Lead the Global Market
-
Air Liquide to invest €60 million in ASU for Wanhua Chemical Group
-
Wanhua Chemical launches the world's largest single-unit citral plant in China
-
Wanhua Chemical's semi-annual revenue was 97.1 billion yuan, a year-on-year increase of 10.77%
-
Borouge, ADNOC, Borealis and Wanhua Chemical explore Chinese polyolefins project
Recommend Reading
-
$15 Billion Invested in China: AstraZeneca Builds an “Innovation Hub” While Some Are Still Waiting for the Windfall
-
LyondellBasell Expands Laboratory Capabilities at Suzhou Technology Center
-
“Shutdown Equals Price Hike”: TDI Market Enters a New Era of “Scarcity Games”
-
Nouryon's Production Facilities in China Have Obtained Halal Certification for Personal Care Ingredients
-
Westlake Acquires ACI's Composites Business to Expand Global Footprint
-
Weak Demand Leads to Fluctuations and Decline in Toluene Market in July in China
-
Support Effective, January Normal Butanol Market Price Increase Exceeds 18% in China
-
July Hydrofluoric Acid Market Weak Demand, Prices Trend Downward
-
Cost Support Drives Slight Rise in Toluene Market in January
-
Supply Tightening, Toluene Market Rises